Amgen (AMGN)
NASDAQHealth CareDrug Manufacturers - GeneralSnapshot 2026-11-04
$460.28-3.80%
Close 2026-11-05 · 1-day change
NASDAQHealth CareDrug Manufacturers - GeneralSnapshot 2026-11-04
Research Workspace
Put AMGN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Biotechnology is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — EPS near guidance mid-point: Diluted EPS: $7.08 per share.
View ThesisRevenue growth is slowing — up about 8% over the past year and decelerating.
View GrowthRanks among the strongest in its industry on quality — around the top 14%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look high — the market is pricing in about 35% growth a year, above the roughly 4% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskAmgen's pipeline must keep compounding to justify the price. Revenue growth is slowing, dropping from 10% to 8% year over year. The company beat its third-quarter earnings estimate by 12.4%. It trades at 21 times earnings, slightly above the 21 times peer median. The market is pricing in more growth than we forecast. EPS is currently near the guidance mid-point. Our model puts the next-quarter miss probability near 10%. Peer multiples imply a price about 35% below where it trades. The thesis is on watch. This read is provisional.
Trailing returns as of 2026-11-05. AMGN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 34 analysts currently covering AMGN (as of Nov 2026).
Based on 18 Wall Street analysts offering 12-month price targets for AMGN in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| AMGN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Biotechnology — fair value, gap to price, and forward P/E.
Compare the value case
Put AMGN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Grow key product sales with volume growth despite pricing pressures
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-05. EPS is implied from price ÷ P/E. Not investment advice.
Current $460.28
The last 12 months of price, then the range of analyst 12-month targets from today’s $460.28.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Raised guidance confirms volume growth offsets pricing pressure.
Threatens: Grow key product sales with volume growth despite pricing pressures
Biosimilar concerns directly threaten key product sales growth.
Advances: Deliver long-term growth through innovation
Positive Tezspire trial results support innovation-led growth, though commercial and regulatory impact remains uncertain.
Loss of a key leader may impact innovation and execution.
Increased price target reflects confidence in pipeline growth.
Threatens: Manage capital through disciplined debt issuance and allocation
Dividend raise indicates potential capital allocation challenges.
Advances: Advance MariTide through Phase 3 clinical trials
Positive results support advancement of MariTide in trials.
Advances: Advance MariTide through Phase 3 clinical trials
Advances product pipeline with potential new therapy for Sjögren's.
